Agriterra advised the market on Monday that, further to its announcements of 5 October 2016 and 6 January 2017, the proposed management buyout transaction of the company's Sierra Leone cocoa assets - held through equity interests in Baranca Tide Limited and West Africa Cocoa Services Limited - will not be completed as anticipated. The AIM-traded firm said as a result,the management buyout team has failed to secure the finance required to complete the transaction, and the ownership of the target companies was reverting to the Agriterra.
A pineapple grower from Ghana with a production of 1,000 metric tonnes and export channels to Europe, is hoping to expand the business with a first time visit to Fruit Logistica. “Our export market distribution channels are meant for importers and private agencies. We are now working on distributing through large retailers, which are mostly supermarkets on the European market,” says owner Albert Atuah Amponsah of Albe Farms.
Kenya's vegetable exports experienced a growth in value by 17% in the first 10 months of 2016 as compared to 2015. The growth has been attributed to a recent increase in improved market access to the EU. Data from the Kenya National Bureau of Statistics (KNBS) indicates that vegetable sales rose by a total of around USD $28,021,616. The good performance resulted from improved market access after the country met most of the stringent measures set by EU, which had affected horticultural produce sales. The export volume rose from 40,000 tonnes in 2015 to 55,000 tonnes between January and October last year.
The European market has exhausted their supply of lychees from Madagascar and the offer can no longer fulfil demand. The Technical and Horticultural Centre in Tamatave (CTHT) says that the containers imported at the end of last week did not fulfil orders from wholesale distribution centres and that “Containers that are expected this weekend are already pre-sold, suggesting a positive end to the season”. These two containers hold 880 and 300 tons of cargo. This situation is a first for Madagascar’s lychee sector and was unexpected. The end of the season is now positive for them compared to other competing producer countries such as South Africa, Mauritius, Reunion and Mozambique.
The EU's fresh fruit and vegetable exports to third countries up to September 2016 fell by 11% in volume compared to the same period in 2015, totalling 4.3 million tonnes, of which 2.5 million tonnes corresponded to fruit (-11%) and 1.8 million tonnes to vegetables (-11%), according to the latest updated data from Eurostat, processed by FEPEX. The value of the EU's fresh fruit and vegetable exports to third countries increased by 1% in the period under review, reaching 3,401 million Euro, of which 2,007 million corresponded to fruit (-3%) and 1,393 million to vegetables (+9%). Apples are the main fruit exported by the EU to third countries, with 1.1 million tonnes (11% less than in the previous year) worth 570.5 million Euro (-5%), followed way behind by oranges, with 250,718 Tonnes (+7%) and 156.7 million Euro (+9%) and pears, with 189,085 tonnes (-22%) and 111 million Euro (-16%).
Rwanda’s latest agricultural results have earned Rwf 32.2 billion from the UK Department for International Development (DFID) and the World Bank. In the last 12 months, the Government of Rwanda delivered some impressive results in agriculture. Over 40,000 hectares (ha) of land have been protected against soil erosion, over 8,000 ha put under irrigation, and average crop yield for cassava, milk and coffee increased. The use of new agricultural innovation technologies was enhanced and lending to the agricultural sector and the design of an Agricultural Management Information System (MIS) increased. These results will help improve the lives of farmers in Rwanda, increase farm productivity and household food security as well as support economic growth.
Major chicken producer RCL Foods, which owns the Rainbow and Farmer Brown chicken brands, says the government's new 13.9% safeguard duty on imported bone-in chicken portions from the EU is "hopelessly inadequate." Low poultry duty on EU 'will decimate jobs in SA' ©magone via 123RF South African chicken producers, the South African Poultry Association, and labour mainly blame "dumping" of dark chicken meat products, such as legs, for the industry's woes as producers struggle to sustain operations. Scott Pitman, MD of the consumer division at RCL, says 1,355 workers, staff and management will lose jobs at the end of January. This is because exports of dumped chicken leg quarters are in great oversupply globally.
The European Union (EU) has announced that it will provide €35 million in support of agricultural development and the General Auditing Commission (GAC) in Liberia. Speaking in Monrovia today, European Union Ambassador to Liberia, Tiina Intelmann said the EU props both the private and the public sector in Liberia. The EU supports the Government's efforts to boost the economy through agricultural development, because agriculture is the road to progress and development."
Azelis have opened a new office in Abidjan, the economic capital and largest city of Ivory Coast. The new office represents Azelis’ continued commitment to invest in Africa and to ensure the company has ample room for its planned growth over the next few years. Azelis has had a presence in Africa since June 2015, when Azelis founded its first subsidiary in Africa, Azelis Morocco. Benoit Fritz, Regional Managing Director France & Africa, says: “This office opening comes at a time when we are actively expanding our reach across the region. Ivory Coast is uniquely positioned with a strong outlook for future growth.”
South African Barloworld Limited, Johannesburg, and BayWa AG, Munich (Germany) are to establish a new joint venture to further their agriculture and materials handling operations in southern Africa. Subject to approval by competition authorities, the joint venture BHBW Holdings (Pty) Ltd is to commence operations in early 2017. Barloworld South Africa and BayWa will each have a 50 percent stake in BHBW. The joint venture will build on the current Handling and Agriculture business of Barloworld consisting of about 400 employees and ten locations as well as a network of 40 sub-dealers covering South and Southern Africa.